2023 Sustainability M&A List

Merger & acquisition (M&A) activity within and across the sustainability market was steady in 2023. We tracked deals involving sustainable energy & technology, sustainable consulting, green IT services, ClimateTech, along with solar, wind, hydro and bio energy transactions.

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Deal Number	Year & Month	Buyer Logo	Buyer	Buyer HQ City	State/Province	Country	Acquired	Focus	Private Equity Firm	Valuation	Details
213	2023-12		Renew Home	Brooklyn	New York	United States	Merger of Google's Nest Renew and OhmConnect	Software, SaaS, Cloud, Energy Management, Grid Reliability	None	Undisclosed	Nest Renew, a Google service that helps individuals optimize electricity consumption, and software company OhmConnect are merging in a bid to build a so-called virtual power plant that would improve grid reliability as more renewables come online, Bloomberg reported. The new company will be called Renew Home.
212	2023-12		CoolSys	Brea	California	United States	Georgia Air Solutions	HVAC	None	Undisclosed	Statement from the buyer: Through this acquisition, CoolSys will reinforce its market density and diversify its customer base in Georgia.
211	2023-12		Stoneweg U.S.	St. Petersburg	Florida	United States	Prose Frontier Development	Sustainability, Real Estate	None	Undisclosed	Statement from the buyer: toneweg U.S., LLC ("Stoneweg US"), a real estate investment and development firm focused on ESG optimization in the workforce housing sector, and with a growing portfolio valued at $2.1 Billion AUM, is thrilled to announce the acquisition of Prose Frontier, soon to be rebranded as Prosper Crossings. This 324-unit core plus multifamily asset aligns perfectly with Stoneweg US' commitment to driving impactful, responsible investments and fostering sustainable communities.
210	2023-12		Honeywell	Charlotte	North Carolina	United States	Carrier Global's Global Access Solutions business	Building Automation	None	13X estimated 2023 EBITDA; $4.95 billion in cash	From the buyer: The acquisition, which includes both hardware and software solutions, further supports Honeywell's recently announced plans to align its portfolio to three compelling megatrends: automation, the future of aviation and energy transition, underpinned by robust digitalization capabilities and solutions. The Global Access Solutions business will enhance Honeywell Building Technologies' business model of leading with high-value products that are critical for buildings.
209	2023-12		EQT	Stockholm		Sweden	Heritage Environmental Services	Waste Management, Sustainability	EQT	Undisclosed	From the buyer: HES and its nearly 1,600 full-time team members safely manage approximately 660 thousand tons of industrial waste per year for more than 1,800 customers. The company’s wide array of tailored solutions from waste disposal, on-site support, and technical solutions to emergency response and sustainability services,
208	2023-12		Uniqus Consultech Inc.	Mumbai	Maharashtra	India	The global ESG business of Goodera	Consulting, ESG, Accounting, Technology	Nexus Ventures	Undisclosed
207	2023-12		Morrow Sodali	New York	New York	United States	Domestique	Corporate Communications, Reputation Management, ESG Consulting	TPG Growth	Undisclosed	Morrow Sodali has acquired Domestique, a corporate communication and reputation management consultancy that has sustainability and ESG expertise.
206	2023-12		BPA	Montreal	Quebec	Canada	The Mitchell Partnership (TMP)	Consulting, Engineering, Sustainability	None	Undisclosed	Statement from the buyer: BPA, a Montreal-based engineering firm specializing in institutional, commercial, multi-residential and industrial buildings, as well in sustainability, and The Mitchell Partnership (TMP), a consulting engineering firm with a 60-year history and strong reputation in Toronto,
205	2023-12		ArchKey Solutions	St. Louis	Missouri	United States	Total Electric	Electrical, Technologies, Wireless, Networking,	None	Undisclosed	ArchKey Solutions has acquired Total Electric, which specializes in electrical and specialty service, repair, maintenance, and tenant improvements for strategic clients across a diverse set of end markets.
204	2023-12		Verdantas	Dublin	Ohio	United States	GRP Engineering	Evironmental Consulting, Sustainable Engineering, Modeling, Digital Technology	RTC Partners	Undisclosed	Verdantas, a private-equity-backed firm specializing in environmental consulting, sustainable engineering, modeling and digital technology, announced today it has acquired GRP Engineering, Inc. (GRP). Based in Petoskey, Michigan, GRP is an independent power utility consulting and electrical engineering firm delivering electrical design and construction administration services to a diverse array of clients within the power market, including electric cooperatives, municipalities, investor-owned utilities, plus industrial and commercial entities.
203	2023-12		Norda Stelo	Quebec		Canada	CWA Engineers Inc.	Engineering, Consulting, Sustainability	None	Undisclosed	Norda Stelo has acquired CWA Engineers Inc. (CWA), an engineering company based in Vancouver. The deal is "rooted in a commitment to innovation and sustainability," the companies said.
202	2023-12		ClimeCo	Boyertown	Pennsylvania	United States	Ampliphi	Sustainability, Consulting	None	Undisclosed	ClimeCo, a global sustainability company, has acquired Ampliphi and its plastic action program, the Plastic Scorecard. These assets will "further enhance ClimeCo's ability to deliver authentic sustainability results with expert-led advisory services," the buyer said. Financial terms of the deal were not disclosed.
201	2023-12		Legence	San Jose	California	United States	OCI Associates	Consulting, Engineering, MEP	Blackstone	Undisclosed	Legence, a Blackstone company focused on energy transitions, has acquired OCI Associates (OCI), a Mechanical, Electrical, Plumbing (MEP) consulting engineering and Commissioning firm in Florida. OCI, based in Orlando, offers such services as lighting design, fire protection, and project management. Financial terms of the deal were not disclosed.
198, 199, 200	2023-12		TotalEnergies	Paris		France	Dsflow, Nash Renewables and Predictive Layer	Software, SaaS, Electricity	None	Undiscosed	TotalEnergies has acquired three technology start-ups in the electricity business. The deals involve Dsflow, Nash Renewables and Predictive Layer. The acquisitions will enable TotalEnergies to improve its B2B offers; the development of renewable projects; market analyses; and the deployment of EV charging points, the buyer said. TotalEnergies also acquired a 56% stake in Time2plug to "facilitate and accelerate the deployment of EV charging points in France for its small B2B customers." Each of the acquired businesses participated in the TotalEnergies On accelerator program. TotalEnergies, based in Paris is a global multi-energy company that produces and markets oil and biofuels, natural gas and green gases, renewables and electricity.
197	2023-12		TXO	Chepstow		Wales	Lynx UK Ltd	IT Services, Telecom Network Services,	TowerBrook Capital Partners	Undisclosed	TXO, a provider of end-to-end circular telecom network solutions, has acquired Lynx UK Ltd, a specialist network decommissioning and engineering solutions provider. Financial terms of the deal were not disclosed.
196	2023-12		EasyLease	Dubai		United Arab Emirates	Fully Charged	EV Charging, Electric Vehicle Charging	None	Undisclosed	EasyLease, a motorcycle rental company, has acquired 60% of Fully Charged, a UAE-based company specializing in electric vehicle (EV) charging technology. FullyCharged, launched in 2020, offers home charger installation, corporate charging solutions, and ongoing support and maintenance. The company has installed more than 5,000 charging devices since inception. Financial terms of the deal were not disclosed.
195	2023-12		Pacific Equity Partners	Sydney	NSW	Australia	EVSE	EV Battery Charging	Pacific Equity Partners	$250 million	Pacific Equity Partners, a private equity firm, has paid $250 million to acquire a majority stake in EVSE -- an Australian battery charging technology company, The Driven reported.
194	2023-12		SDCL (Sustainable Development Capital LLP)	London		United Kingdom	Volery		SDCL (Sustainable Development Capital LLP)	Undisclosed	SDCL has acquired Volery, a US-based private equity firm focused on the energy transition. The deal enables SDCL to "participate in a broader range of energy transition opportunities focused on energy efficiency," the buyer said. The combined firm manages more than US$2 billion of assets across over 50 investments worldwide. Financial terms of the deal were not disclosed.
193	2023-12		Blackstone	New York	New York	United States	Power Grid Components	Energy Transition, Components	Blackstone	$600 Million	Blackstone has acquired Power Grid Components for $600 million amid ongoing energy transition investments, multiple sources reported.
192	2023-12		Uplight	Boulder	Colorado	United States	AutoGrid	Distributed Energy Resource Management System, DERMS	None	Undisclosed	Uplight is acquiring AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider. The seller is Schneider Electric. Financial terms of the deal were not disclosed. Luis D’Acosta, CEO, Uplight Among the plot twists: Schneider Electric has owned AutoGrid for a year or so, and also is an investor in Uplight.
191	2023-12		Yes Energy	Boulder	Colorado	United States	Anchor Power Solutions	Software, Power Market Forecasting	None	Undisclosed	From the Buyer: Yes Energy, a leader in North American power market data, today announced the acquisition of Anchor Power Solutions, provider of EnCompass, a highly flexible software model for power market forecasting and resource planning covering complex North American power markets.
190	2023-12		Francisco Partners	San Francisco	California	United States	Blancco Technology Group	Mobile Lifecycle Management, E-Waste Reduction,	Francisco Partners	£175 million (roughly US$220.1 million)	Francisco Partners completed the Blancco acquisition for an equity valuation of approximately £175 million (roughly US$220.1 million) on December 5, 2023. Blancco, based in London (UK) and Austin, Texas (United States), develops circular economy software and technologies.
189	2023-12		Carlyle and Insight Partners	Multiple	Multiple	United States	Majority stake in Exiger	Software, Supply Chain, ESG	Carlyle and Insight Partners	Undisclosed	Carlyle and Insight Partners will acquire a majority stake in Exiger, a supply chain software company that has ESG monitoring capabilities. Exiger's management, founders, and existing investor Carrick Capital Partners will reinvest equity as part of this deal. Financial terms and valuation information were not disclosed.
188	2023-12		Lumine Group	Toronto	Ontario	Canada	Nokia's device management and service management platform	Software, IT Monitoring, ITAD, IT Asset Disposition	None	US$203.2 million plus a potential US$38.4 million earn-out	Lumine Group is acquiring Nokia's device management and service management platform for €185 million (US$203.2 million) up-front. Lumine may pay an additional €35 million (US$38.4 million) for the business based on year-one performance metrics. The acquired business, spanning 500 employees, manages more than 1 billion nodes -- including home broadband devices and IoT sensors. In theory, Lumine could leverage the platform to deliver IT asset management (ITAM), e-waste reduction and power management services.
187	2023-12		Kraken	London		United Kingdom	Sennen	Energy Transition, Software, Technology	None	Undisclosed	Kraken has acquired Sennen, a provider of software for the delivery and operation of large-scale renewable energy generation. Kraken's software provides analytics, real-time monitoring, optimization and control of energy devices, such as solar and wind generation, batteries, heat pumps and electric cars. Sennen's cloud-based software provides oversight, maintenance and daily operation of renewable energy projects. Financial terms of the deal were not disclosed.
186	2023-12		IPS	Greenville	South Carolina	United States	Wind Solutions	Critical Infrastructure	None	Undisclosed	IPS, a provider of electromechanical and rotating equipment, as well as power management systems, has acquired Wind Solutions, according to North American Wind Power.
185	2023-12		BP	London		United Kingdom	Lightsource bp	Renewable Energy, Solar Power, Battery Storage	None	US$321 million for 50.3%; US$642 million for overall business	BP is acquiring full ownership of Lightsource bp, a developer and operator of utility-scale solar and battery storage assets.
184	2023-12		Altus Power	Stamford	Connecticut	United States	Unico Solar Investors	Renewable Energy, Solar Power	None	Undisclosed	Altus Power has acquired Unico Solar Investors as part of a U.S. west coast expansion plan. Financial terms of the deal were not disclosed.
183	2023-12		NextEnergy Capital	London		United Kingdom	100MW utility-scale solar project in Florida	Renewable Energy, Solar Power	NextEnergy Capital	Undisclosed	NextEnergy Capital has acquired a 100MW utility-scale solar project in Florida.
182	2023-12		Exus North America	Madrid		Spain	New Mexico Renewable Development	Renewable Energy, Solar Power	Exus North America	$230 million	Exus North America plans to acquire New Mexico Renewable Development from American Electric Power and PNM Resources Inc. for about $230 million, according to Bloomberg. The deal includes 15 solar projects.
181	2023-12		Belenos Energy and ACEN	Makati City	Metro Manila	Philippines	YMP Telecom Power Inc. and YMP Industrial Power Inc.	Renewable Energy, Solar Power, Telecom Towers	None	Undisclosed	Belenos Energy, a wholly owned subsidiary of ACEN, has acquired YMP Telecom Power Inc. and YMP Industrial Power Inc. Belenos Energy acquired the businesses to build and operate solar-powered solutions for telecommunication towers and commercial and industrial solar power solutions in the Philippines, the buyer said in a regulatory filing.
182	2023-12		Exus North America	Madrid		Spain	New Mexico Renewable Development	Renewable Energy, Solar Power	Exus North America	$230 million	Exus North America plans to acquire New Mexico Renewable Development from American Electric Power and PNM Resources Inc. for about $230 million, according to Bloomberg. The deal includes 15 solar projects.
180	2023-12		PPC Renewables	Attika		Greece	216MW Alexandroupoli offshore wind project off Greece	Renewable Energy, Wind Power	None	Undisclosed	Greek developer PPC Renewables has acquired the 216MW Alexandroupoli offshore wind project off Greece, ReNews.biz reported.
179	2023-11		Blackstone and Vista Equity	Multiple		United States	Energy Exemplar	Energy Market Software	Blackstone and Vista Equity	$1 billion (estimated)	The acquired business is a provider of energy market software. The seller was private equity firm Riverside Company. The deal was worth more than $1 billion, Reuters reported.
178	2023-11		Straive			Singapore	Gramener	Big Data, Analytics, AI	BPEA EQT, part of EQT	Undisclosed	The acquired business is a design-led data science company. Straive is owned by BPEA EQT, a global investment organization. Gramener's expertise spans low-code AI for clients across multiple industries, including Pharmaceuticals & Life Sciences, Logistics & Manufacturing, ESG, and Technology & Consulting.
177	2023-11		BIP	London		United Kingdom	Verco	Energy Management	None	Undisclosed	The acquired business is an energy management and sustainability business providing zero-carbon solutions to customers. Financial terms of the deal were not disclosed.
176	2023-11		Volvo	Gothenburg		Sweden	Proterra's battery business	EV Batteries	None	$210 million	Swedish truckmaker Volvo won an auction for the battery business of troubled Proterra in the United States with a $210 million bid, Reuters reported.
175	2023-11		Seacloud	Finnmark		Norway	Meox	Software, Environmental Monitoring	Bluefront Equity	Undisclosed	Seacloud, backed by private equity firm Bluefront Equity, has acquired the environmental monitoring products and software suite of Meox.
174	2023-11		Barge Design Solutions	Nashville	Tennessee	United States	Environmental Consulting and Design Inc.	Environmental Planning, Consulting	None	Undisclosed	The acquired business is a Florida -based consulting firm specializing in environmental permitting, land planning, mitigation banking, land management and geospatial services. Financial terms of the deal were not disclosed.
173	2023-11		Ramboll	Copenhagen		Denmark	Acondas	Management Consulting	None	Undisclosed	The acquired business is strategic management consultancy focused on "strategy implementation, encompassing sustainability transformation, value enhancement and transaction advice," the buyer said. Financial terms of the deal were not disclosed.
172	2023-11		Pacific Green Battery Park	London		United Kingdom	Multiple Italian projects	Battery Energy Storage Systems, BESS	None	Undisclosed	acific Green Battery Energy Park has acquired 51% in five Italian energy projects from Sphera Energy Srl. The remaining 49% of the shares of each project will be acquired on achievement of certain development milestones, the buyer said.
171	2023-11		Loud Mobility	London		United Kingdom	Cyclechik	Sustainable Transport	None	Undisclosed	Loud Mobility, a sustainable transport business, has acquired Cyclechic -- an e-commerce business. Financial terms of the deal were not disclosed.
170	2023-11		LogoSoco Group	London		United Kingdom	Qintelligence	ESG Software	None	Undisclosed	LocoSoco Group is acquiring Qintelligence, an AI-powered Environmental, Social, and Governance (ESG) reporting platform. Financial terms of the deal were not disclosed.
169	2023-11		nLighten	Amsterdam		Denmark	GYROcenter	Dafa Center	ISquared Capital	Undisclosed	nLighten, a sustainable data center company backed by private equity firm ISquared Capital, has acquired GYROCenter, a high-performance data center in Amsterdam. Gyro's carrier-neutral data center procures 100% renewable energy and is proactively managing energy consumption, the buyer said. Financial terms of the deal were not disclosed.
168	2023-11		Deloitte Canada	Toronto	Ontario	Canada	Fleet Challenge Canada Inc.	Fleet Management	None	Undisclosed	The acquisition expands Deloitte Canada's existing offerings for mid-market and large clients in fleet management, decarbonization, and electrification strategies. Financial terms of the deal were not disclosed.
167	2023-11		HIVE Digital Technologies	Vancouver		Canada	Sweden data center	Data Centers	None	Roughly $2.25 million	HIVE will pay up to $750,000 in cash and $1.5 million payable in common shares. HIVE Digital Technologies positions itself as the "first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a sustainable green energy focus."
166	2023-11		Celnor Group	Reading		United Kingdom	Brownfield Solutions	Environmental Services	Inflexion Private Equity	Undisclosed	Brownfield Solutions provides site investigation, contaminated land and risk assessment to support planning, due diligence, project feasibility, development design and remediation on both brownfield and greenfield sites.
165	2023-11		Ardian	Paris		France	Verne Global	Data Centers	Ardian	Undisclosed	The seller was Digital 9 Infrastructure. Financial terms of the dal were not disclosed. Digital 9 had been struggling with debt ahead of the deal, Datacenter Dynamics reported.
164	2023-11		Econolite	Anaheim	California	United States	RAI Products	Traffic Management, Disitribution	None	Undisclosed	The deal "represents our steadfast commitment to sustainable mobility by providing the industry with the best traffic control technologies and ITS (intelligent transportation systems) solution," said John Rosenblatt, president of RAI.
163	2023-11		Trinity Consultants	Dallas	Texas	United States	Longman Lindsey	Environmental Consulting, Engineering Services	None	Undisclosed	Trinity, a global environmental consulting firm providing services and solutions in the built environment, EHS regulatory compliance, life sciences, and water and ecology markets, acquired Longman Lindsey, a New York-based full-service acoustical consultancy with specialized expertise in the construction industry.
162	2023-11		Madison Energy Infrastructure (MEI)	New York	New York	United States	Pro-Tech Energy Solutions	Solar Energy, Renewable Energy	None	Undisclosed	Madison Energy Infrastructure (MEI) has acquired Pro-Tech Energy Solutions. The acquired business has built "hundreds of distributed solar projects and has recently developed substantial front-of-the-meter assets across the Northeast and Mid-Atlantic," MEI said.
161	2023-11		Jabil Inc.	St Petersburg	Florida	United States	Retronix	Supply Chain	None	Undisclosed	Jabil Inc. -- which specializes in design, manufacturing, and supply chain solutions -- has acquired Retronix, a provider in the reclamation and refurbishment of electronic components. The deal adds to Jabil’s current circular economy services including reverse supply chain management, medical device reprocessing, recycled packaging, and emission reductions. Financial terms of the acquisition were not disclosed.
160	2023-11		Bain Capital Private Equity	Boston	Massachusetts	United States	Guidehouse	Management Consulting, IT Services, Sustainability	Bain Capital Private Equity	$5.3 Billion	Bain Capital Private Equity's plan to acquire Guidehouse for $5.3 billion extends far beyond traditional consulting and IT services. Indeed, Guidehouse also offers numerous sustainability services to help utilities and other types of customers with their carbon footprint reductions.
159	2023-11		AMCS	Limerick		Ireland	FigBytes	ESG, Sustainability, Software, Cloud	Clearlake Capital Group, Insight Partners, Ireland Strategic Investment Fund (ISIF) and Highland Europe.	Undisclosed	Environmental software provider AMCS has acquired sustainability software company FigBytes. The acquisition essentially extends AMCS's ESG software efforts from Europe to North America. Financial terms of the deal were not disclosed.
158	2023-11		EQT Infrastructure IV			Luxembourg	Statera Energy	Battery Storage, Hydrogen, Energy	EQT Infrastructure IV	£500 million (US$620 million)	EQT Infrastructure IV is acquiring battery storage and green hydrogen specialist Statera Energy from InfraRed Capital Partners. The purchase price was not disclosed, but the deal was valued at roughly £500 million (US$620 million), Bloomberg reported.
157	2023-11		Closed Loop Partners	New York	New York	United States	Sage Sustainable Electronics	ITAD, IT Asset Disposition	Closed Loop Partners	Undisclosed	Private equity and circular economy investment firm Closed Loop Partners has acquired a majority stake in Sage Sustainable Electronics for IT asset disposition (ITAD) services. Financial terms of the deal -- which Closed Loop and Sage positioned as a partnership -- were not disclosed. Also, go-forward percentage ownership figures for the buyer and seller were not disclosed.
156	2023-11		Iron Mountain	Boston	Massachusetts	United States	Regency Technologies	IT Asset Disposition, ITAD	None	$200 Million or 7.5x Annual EBITDA	Iron Mountain has acquired Regency Technologies, a provider of IT asset disposition (ITAD) services in the United States. The purchase price was $200 million, and the valuation was roughly 7.5 times annual EBITDA (earnings before interest, taxes, depreciation and amortization), Iron Mountain said.
155	2023-11		CleanChoice Energy	Washington	D.C.	United States	A solar project in Franklin County, Mercersburg, Pennsylvania	Solar Energy, Renewable Energy	None	Undisclosed	CleanChoice Energy, a farm-to-table clean energy company, has acquired a solar project in Franklin County, Mercersburg, Pennsylvania. This is CleanChoice’s first acquisition as part of its long term ownership strategy. Financial terms of the deal were not disclosed.
154	2023-11		Ford Motor	Detroit	Michigan	United States	Auto Motive Power (AMP)	Electric Vehicle Charging, EV Charging, Battery Management	None	Undisclosed	Ford is buying Auto Motive Power (AMP) to bolster its charging, battery management and power conversion tech.
153	2023-11		Trinity Consultants has acquired Waid Environmental, an engineering and environmental services firm specializing in air quality, emissions control, permitting and compliance. The buyer is based in Dallas and the acquired business is based in Austin, Texas.	Dallas	Texas	United States	WAID Environmental	Environmental Consulting, Engineering Services	None	Undisclosed	Trinity Consultants has acquired Waid Environmental, an engineering and environmental services firm specializing in air quality, emissions control, permitting and compliance. The buyer is based in Dallas and the acquired business is based in Austin, Texas.
152	2023-11		Accenture	Dublin		Ireland	OnProcess Technology	Supply Chain Management, Supply Chain Sustainability, Software	None	Undisclosed	Accenture is acquiring OnProcess Technology, a provider of supply chain managed services that improve sustainability. Financial terms of the deal were not disclosed.
151	2023-11		Anthesis	London		United Kingdom	Progressive	Sustainability, Consulting,	None	Undisclosed	Anthesis, a global pure-play sustainability advisory and solutions firm, has acquired Progressive, a growth and innovation consultancy. Financial terms of the deal were not disclosed. Anthesis has acquired five businesses so far in 2023. The other acquisitions involve:
150	2023-10		Lennox	Dallas	Texas	United States	AES	HVAC	None	Undisclosed	Lennox has acquired AES, a company dedicated to "service and sustainability in the light commercial market." AES provides installations services, adapter curbs, and reclaim services. AES will tuck into the Lennox Commercial Business Segment. Financial terms of the deal were not disclosed.
149	2023-10		UPS	Atlanta	Georgia	United States	Happy Returns	Reverse Logistics	None	Undisclosed	UPS is acquiring Happy Returns from PayPal. Happy Returns is a U.S.-based software and reverse logistics company that enables no-box, no-label returns for merchants and consumers. Financial terms of the deal were not disclosed. PayPal has owned Happy Returns since 2021.
148	2023-10		Wallbox	Barcelona		Spain	ABL	EV Charging, Electric Vehicle Charging Networks	None	€15 million (US$15.81 million)	Wallbox has acquired ABL for approximately €15 million (US$15.81 million). ABL develops EV charging solutions in Germany, the largest EV market in Europe with more than two million EVs on the road. The Wallbox-ABL installed base spans more than 1 million EV chargers worldwide. Wallbox revenue was €33.0 million in Q3 of 2023. Excluding a €1.8 million adjustment for distributor rebates and returns, revenues were €34.8 million, relatively flat compared to Q1 2023. Wallbox is based in Barcelona, Spain.
147	2023-10		Accenture	Dublin		ireland	Comtech Group	Energy Transitions, Consulting	None	Undisclosed	Accenture has acquired Comtech Group, a consulting and program management company for infrastructure projects in Canada and the United States. Comtech's expertise includes energy transitions. Comtech and Anser Advisory -- another recent Accenture acquisition -- tuck into Accenture’s digital engineering and manufacturing service, known as Industry X.
146	2023-10		CSI Leasing Malaysia			Malaysia	ExportXcel	ITAD, IT Asset Disposition	None	Undisclosed	CSI Leasing Malaysia has acquired ExportXcel, an ITAD company that specializes in used and refurbished IT equipment, Monitor Daily reported. CSI Leasing Malaysia will operate under ExportXcel's EPC banner.
145	2023-10		Ormat Technologies	Reno	Nevada	United States	Multiple= geothermal and solar assets in Nevada, Utah and Connecticut	Sustainability, Renewable Energy, Solar Energy, Geothermal	None	$271 million and 11.3X annual EBITDA.	Ormat Technologies is acquiring various geothermal and solar assets in Nevada, Utah and Connecticut for $271 million. The seller is Enel Green Power North America (EGPNA), a subsidiary of Enel SpA. The acquired assets have generated annual revenue and EBITDA of roughly $35 million and $24 million, respectively, for the years 2020 through 2022. That means the deal's valuation is roughly 11.3 times annual EBITDA. The deal is expected to close by Q1 of 2024.
144	2023-10		Alquity	London		United Kingdom	VAM Funds	Investing, Sustainability, Financial Services	None	Undisclosed	Responsible investment manager Alquity has acquired fund management group and platform VAM Funds for an undisclosed sum, International Advisor reported. Alquity emphasizes ESG funds and sustainable investment products.
143	2023-10		Environmental Systems Group	Baton Rouge	Louisiana	United States	ELOS Environmental	Environmental Consulting	Bernhard Capital Partners	Undisclosed	Bernhard Capital Partners, a services and infrastructure-focused private equity management firm, established Environmental Systems Group in July 2022 to provide a comprehensive suite of environmental and technology-driven solutions to meet the increasingly complex needs of both public and private clients across industries. As Environmental Systems Group's third acquisition, ELOS will expand the platform's diversified environmental service offerings and strengthen the company's geographic presence in the Gulf Coast region.
142	2023-10		Aukett Swanke	London		United Kingdom	TR Control Solutions	Software, Energy Consumption, Energy Metering, Building Management	None	£360,450 (US$438,000.).	Aukett Swanke has acquired TR Control Solutions, a developer of energy management software and provider of energy efficiency services. The purchase price was £360,450 (US$438,000.).
141	2023-10		Devoteam	Paris		France	Singularity Data Enterprise	AI, Artificial Intelligence, Big Data, Cloud, Sustainability	None	Undisclosed	Devoteam has acquired Singularity Digital Enterprise, a data-focused IT consultancy in Portugal. Devoteam is a tech consulting firm specializing in cloud, cybersecurity, data, and sustainability. The company has more than 10,000 employees across EMEA. Sigularity has 60 data employees. The company has completed more than 200 projects for customers in Portugal. Sigularity's key partners include Microsoft.
140	2023-10		Full Circle Electronics (FCE)	Phoenix	Arizon	United States	IT Asset Disposition (ITAD) business from SIPI Asset Recovery	IT Asset Disposition, ITAD	Tide Rock	Undisclosed	Full Circle Electronics (FCE), backed by private equity firm Tide Rock, has acquired the ITAD assets from SIPI Asset Recovery. Full Circle gains ITAD geographic reach across Northern California, Illinois, Texas, Mexico and Columbia, the buyer said. Financial terms of the deal were not disclosed.
139	2023-10		MSCI Inc.	New York	New York	United States	Trove Research	Consulting, Carbon Reduction	None	Undisclosed	MSCI Inc., a provider of decision support tools and services for the global investment community, has acquired Trove Research, an advisory firm focused on the carbon market. Financial terms of the deal were not disclosed.
138	2023-10		Technosylva	La Jolla	California	United States	Atmospheric Data Solutions (ADS).	Public Safety, Big Data, Analytics, Wildfire Risk Mitigation	None	Undisclosed	Technosylva, a provider of wildfire mitigation technology solutions, has acquired Atmospheric Data Solutions (ADS). ADS is a provider of advanced atmospheric data and analytics solutions to U.S. and European utilities, government agencies, and businesses. The acquisition will further help Technosylva's customers to "prevent the destructive and increasingly common occurrence of wildfires in multiple geographies including the United States." Financial terms of the deal were not disclosed.
137	2023-10		Speedy Hire	Newton-le-Willows		United Kingdom	Green Power Hire Limited (GPH)	Battery Storage	None	$24.77 million	Speedy Hire has acquired Green Power Hire Limited (GPH) for an enterprise value of £20.2 million (US$24.77 million). GPH supplies Battery Storage Units (BSU) to the UK rental market, mainly to the construction sector. The deal will further accelerate Speedy Hire's sustainability strategy, the buyer said.
136	2023-10		Blue Yonder	Scottsdale	Arizona	United States	Doddle	Supply Chain Management, Reverse Logistics	None	Undisclosed	Blue Yonder, a supply chain solutions provider, has acquired Doddle, a startup that offers final mile, returns management and reverse logistics solutions. Financial terms of the deal were not disclosed.
135	2023-10		Qualus Corporation	Orlando	Florida	United States	GridBright	Electric Grid, Energy, Sustainability, Consulting	None	Undisclosed	Qualus Corporation has acquired GridBright, a technology solutions firm that specializes in secure and sustainable grid integration. The deal "further solidifies Qualus’ position as a leading innovator at the forefront of the energy transition, with differentiated capabilities across grid modernization, resiliency, security, and sustainability," the buyer said. Financial terms were not disclosed.
134	2023-09		GXO Logistics	Greenwich	Connecticut	United States	PFSweb Inc.	E-Commerce, Reverse Logistics, Supply Chains	None	$181 equity value	GXO acquired PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.
133	2023-09		Valsoft Corp.	Montreal	Quebec	Canada	Optima Energy Systems	ESG Software	Valsoft Corp.	Undisclosed	Vertical market software investor Valsoft Corporation has acquired the UK business assets of Optima Energy Systems, a provider of software for managing and analyzing energy data. The software delivers energy and sustainability data for Environmental, Social and Governance (ESG) reporting. Financial terms of the deal were not disclosed.
132	2023-09		PetroChina	Beijing		China	Potevio New Energy Co Ltd.	EV Charging, Electric Vehicle	None	Undisclosed	PetroChina has acquired electric vehicle (EV) charging firm Potevio New Energy Co Ltd. PetroChina is the country's top oil and gas company. Potevio ran 50,000 charging points in more than 50 Chinese cities as of 2021, Reuters reported. Financial terms of the deal were not disclosed.
131	2023-09		Lime Rock New Energy	Westport	Connecticut	United States	Power TakeOff	Energy Efficiency Software	Lime Rock New Energy	Undisclosed	Lime Rock New Energy, a growth equity investor, has acquired Power TakeOff -- which develops energy efficiency software for small and midsize business (SMB) customers. Financial terms of the deal were not disclosed.
130	2023-09		ISN	Dallas	Texas	United States	Transparency-One	Supply Chain Management, Software	BlackRock	Undisclosed	ISN, backed by Blackstone Growth, has acquired Transparency-One, a supply chain platform that provides customers with visibility, traceability and sustainability information. Financial terms of the deal were not disclosed.
129	2023-09		CapMan Infra	Helsinki	Uusimaa	Finland	Fuzion	Colocation, Data Centers, Green IT, Sustainability	CapMan Infra	Undisclosed	CapMan Infra has acquired Fuzion, a Danish data centre colocation provider focused on sustainability and green IT services. The deal follows CapMan Infra’s acquisition of Serverius in May 2023 to establish a northern European data centre platform.
128	2023-09		Fujitsu	Tokyo		Japan	Innovative Consulting Services (ICS)	IT Consulting, Sustainable Manufacturing, SAP	None	Undisclosed	Fujitsu has acquired Innovation Consulting Services (ICS), an SAP consultancy in Thailand-based. ICS specializes in sustainable manufacturing and consumer experience (CX).
127	2023-09		Drax Energy Solutions	Monroe	Louisiana	United States	BMM Energy Solutions	Integrator, EV Charging Systems	None	Undisclosed	Drax Energy Solutions, part of the Drax Group, acquired BMM Energy Solutions (BMM) to "strengthen its fleet electrification proposition to UK business."
126	2023-08		PEXA Group	Docklands	Victoria	Australia	Land Insight	Software, Analytics, Climate Risk, Real Estate	None	Undisclosed	PEXA Group has acquired Land Insight -- an Australian environmental risk data analytics company. Land Insight’s software and climate risk data allows customers to assess and respond to the increasing impacts of natural hazards on the use and value of land, the buyer said. PEXA's overall software portfolio allows governments, financial institutions, banks and property practitioners to estimate the future value of property.
125	2023-08		Smiths Group	London		United Kingdom	Heating & Cooling Products	Heating Ventilation & Air Conditioning, HVAC	None	Less than 7X estimated 2023 EBITDA	Smiths Group, an industrial technology company, has acquired Heating & Cooling Products (HCP), a US-based manufacturer of Heating, Ventilation & Air Conditioning (HVAC) solutions. The purchase price was US$82 million (approximately £65 million) on a cash and debt-free basis. HCP’s unaudited revenue for the 12 months to 31 July 2023 was $69 million (approximately £55 million). The deal's valuation was less than 7x estimated 2023 EBITDA. HCP will be integrated into Smith’s Flex-Tek division.
124	2023-08		Priority Power Management	Arlington	Texas	United States	Atlas Retail Energy	Energy Management Services	Oaktree Capital Management and Ara Partners	Undisclosed	Priority Power is an energy management services, procurement and energy infrastructure development and management firm focused on delivering sustainable energy solutions to over 8,500 commercial and industrial clients in roughly 45 states. Atlas Retail Energy is an energy procurement organization in the Northeast serving customers across the United States.
123	2023-07		Complete Solaria	Fremont	California	United States	Freedom Acquisition Corp.	Solar Power, Solar Energy, Renewable Energy, Installation Services	None	Undisclosed	Complete Solaria, a solar technology, services, and installation company, has completed its business combination with Freedom Acquisition I Corp. (“Freedom”), effective July 18, 2023. The combined company will operate under the name Complete Solaria Inc.
122	2023-08		ENGIE	La Défense		France	The battery storage business of Broad Reach Power.	Battery Storage	None	Roughly $1 billion in equity value.	ENGIE, a French Utility, acquired the the battery storage business of Broad Reach Power. The sellers were EnCap Energy Transition Fund and co-investors Yorktown Partners, Mercuria Energy and Apollo Infrastructure Funds. The purchase price was roughly $1 billion in equity value, the parties said. Broad Reach, founded in 2019, develops and operates renewable energy and energy storage power projects in Texas, California and other markets.
121	2028-08		Siemens AG	Munich		Germany	Heliox	Electric Vehicles, EV Charging, eBus, eTrucks	None	Undisclosed	Siemens AG is acquiring Heliox, a Netherlands-based technology provider of in fast charging solutions. Heliox serves eBus and eTruck fleets and passenger vehicles. Financial terms for the deal were not disclosed.
120	2023-08		NaaS Technology	Anji	Zhejiang	China	Charge Amps AB	EV Charging, Electric Vehicle Charging Networks	None	$66.4 million	NaaS Technology, the first U.S. listed EV charging service company in China, is acquiring Charge Amps AB for US$66.4 million. Charge Amps is an integrated EV charging solutions provider headquartered in Sweden.
119	2023-08		ElectraMeccanica	Mesa	Arizona	United States	Tevva	Electric Vehicles, EVs	None	Undisclosed	ElectraMeccanica and Tevva are planning to merge. If the merger occurs, the combined company expects to generate annual revenue of $1.3 billion to $1.5 billion in 2028.
118	2023-08		Tango	Dallas	Texas	United States	WatchWire	Cloud, Software, Facilities Management, Real Estate, Building Energy Management	Berkshire Partners	Undisclosed	2. M&A - Facilities Management Software: Tango, a provider of cloud-based real estate and facilities management software, has acquired WatchWire, which develops data and analytics to help companies "reduce emissions and energy expenses while simplifying sustainability and carbon reporting," Tango said. Financial terms of the deal were not disclosed.
117	2023-08		Tylin	San Francisco	California	United States	Architectural Engineers Collaborative (AEC)	Engineering, Green Buildings, LEED	None	Undisclosed	TYLin, an infrastructure consulting firm, has acquired Architectural Engineers Collaborative (AEC), a privately held structural engineering firm based in Austin, Texas. AEC specialties include Architectural Structures, Engineering Innovation, Building Information Modeling (BIM), and Sustainability/Green Buildings/LEED.
116	2023-08		Heramba Holdings	Berlin		Germany	Kiepe Electric	Clean Energy, Sustainability	None	Undisclosed	Heramba Holdings is acquiring Kiepe Electric, a company focused on decarbonization of commercial and public transportation. Kiepe Electric has roughly 580 employees across six countries around the world. In 2022, Kiepe Electric had revenues in excess of $120 million. Financial terms of the deal were not disclosed.
115	2023-08		GE Verona	Cambridge	Massachusetts	United States	Greenbird Integration Technology AS	Utilities, Electric Grid, Power, Cloud, Software	None	Undisclosed.	GE Vernova acquired Greenbird to help Utilities reduce the complexity of energy data integration.
114	2023-08		Charge Enterprises	New York	New York	United States	Greenspeed Energy Solutions	EV Charging, Consulting, Integrator	None	$15M to $22M, depending on earnout performance	Charge Enterprises acquired Greenspeed Energy Solutions, a consulting firm and integrator focused on EV (electric vehicle) charging infrastructure, efficient commercial lighting, solar energy and battery storage.
113	2023-07		KAB Energy Holdings, a subsidiary of Kinergy Advancement Berhad	Kuala Lumpur		Malaysia	Matahari Suria Sdn. Bhd. (MSSB)	Solar Power, Clean Energy, Renewable Energy	None	Undisclosed	KAB Energy Holdings, a subsidiary of energy and engineering solutions provider Kinergy Advancement Berhad, has acquired Matahari Suria Sdn. Bhd. (MSSB). The acquired business owns a solar power system on the rooftop of Universiti Teknologi Malaysia Kuala Lumpur.
112	2023-07		RSK	Cheshire		England	PD&MS	Engineering, Consulting		Undisclosed	PD&MS, a specialist engineering services company operating within the energy transition, conventional energy, low carbon and renewables sectors, has been acquired by RSK, a global leader in the delivery of sustainable solutions.
111	2023-07		RSK Group	Cheshire		England	Kirton Water Treatment Services	Clear Water Technology		Undisclosed	RSK, a global leader in the delivery of sustainable solutions, has announced the acquisition of a clean water technology company, Kirton Water Treatment Services.
110	2023-07		Lakeshore Recycling Systems (LRS)	Rosemont	Illinois	United States	Environmental Recycling & Disposal and Moen Transfer Station,	Recycling	None	Unidiscosed	Lakeshore Recycling Systems (LRS) — The leading Midwest independent waste, recycling and portable services provider — announced today the acquisition of Environmental Recycling & Disposal (Environmental) and Moen Transfer Station, a family-owned and operated business servicing the disposal needs of Will County, IL for over 25 years.
109	2023-07		Ryse Energy	Abu Dhabi		United Arab Emirates, UAE	Primus Wind Power	Wind Power, Solar Power, Renewable Energy, Wind Energy, Solar Energy	None	Undisclosed	The strategic acquisition solidifies Ryse Energy’s position as the most diverse small wind turbine technology player globally, opens doors to new North American opportunities and fast-tracks American manufactured Ryse Energy wind turbines, the buyer said.
108	2023-07		Chroma Energy Group	Knoxville	Tennessee	United States	Efficient Energy	Solar Installation Services, Renewable Energy, Solar Energy, Solar Power	None	Undisclosed	EETN provides engineering, procurement, and construction services for general and electrical contracting projects in the Southeast.
107	2023-07		J.F. Lehman & Company (JFLCO)	New York	New York	United States	Heritage-Crystal Clean Inc.	Recycling, Emergency Response Services, Environmental Services	J.F. Lehman & Company (JFLCO)	$1.2 billion	Private equity firm J.F. Lehman & Company (JFLCO), has acquired Heritage-Crystal Clean, a provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling, industrial and field services, and emergency and spill response services. The all-cash transaction values Crystal Clean at approximately $1.2 billion.
106	2023-07		LyondellBasell	Houston	Texas	United States	50% stake in Stiphout Industries BV	Recycling	None	Undisclosed	LyondellBasell has acquired a 50% stake in Stiphout Industries, which sources and processes post-consumer plastic packaging waste. The company operates a facility located in Montfort, the Netherlands, with an annual processing capacity equivalent to the amount of plastic packaging waste generated by over 500,000 Dutch citizens per year. Financial terms of the deal were not disclosed.
105	2023-07		PVcase	Vilinius		Lithuania	Anderson Optimization		None	Undisclosed	PVcase acquired solar siting specialist Anderson Optimization. The result: European solar site developers will be able to cut their project design process from weeks to roughly 20 minutes, PVcase said.
104	2023-07		Altus Power	Stamford	Connecticut	United States	Solar assets in California.	Solar Energy, Solar Storage, Renewable Energy	None	Undisclosed	Altus Power has acquired approximately 4.4 megawatts (MW) of operating solar assets in Southern California from private equity firm Apollo. The acquired portfolio includes rooftop, carport and ground-mounted solar arrays that will deliver power under long-term contracts to HP Inc., Keysight Technologies and a local municipality. These assets add to the approximately 112 MW Altus Power currently owns and operates in California, the buyer said. Financial terms of the deal were not disclosed.
103	2023-07		BBB Industries	Daphne	Alabama	United States	Hydraulex	Hydraulic Solutions, Manufacturing, Sustainability	Clearlake Capital Group,	Undisclosed	BBB Industries, a sustainable manufacturer backed by private equity firm Clearlake Capital Group, has acquired Hydraulex, a provider of hydraulic solutions serving the industrial aftermarket. Financial terms of the deal were not announced.
102	2023-07		EverWind Fuels	Point Tupper	Nova Scotia	Canada	Multiple wind farms	Wind, Hydrogen, Renewable Energy	None	Undisclosed	EverWind Fuels, which runs a large-scale green hydrogen project in Canada, has acquired three wind farm development projects in Nova Scotia. The wind farms, which represent 530MW of anticipated power, will be developed and built in partnership with Renewable Energy Systems.
101	2023-07		Buckeye Partners	Houston	Texas	United States	Elysian Carbon Management	Carbon Capture and Storage, CCS	IFM Global Infrastructure Fund	Undisclosed	Buckeye Partners, backed by IFM Global Infrastructure Fund, has acquired Elysian Carbon Management from EnCap Flatrock Midstream. Elysian provides integrated end-to-end carbon capture and storage (“CCS”) solutions to industrial, power and similar facilities seeking to transition to lower carbon products, the buyer said. Financial terms of the deal were not disclosed.
100	2023-07		Johnson Controls	Milwaukee	Wisconsin	United States	FM:Systems	IoT, Collaboration, Digital Workplace Manaement	None	$455 million plus potential earn-out incentives	Johnson Controls acquired FM:Systems, a provider of digital workplace management and Internet of Things (IoT) solutions for facilities and real estate professionals. The base purchase price is $455 million, plus potential earn-out incentives.
099	2023-07		ExxonMobil	Irving	Texas	United States	Denbury	Carbon Capture	None	$4.9 billion	ExxonMobil is acquiring Denbury -- a developer of carbon capture, utilization and storage (CCS) solutions, and enhanced oil recovery technologies -- for $4.9 billion in stock.
098	2023-07		DNV	Oslo		Norway	Enviroguide Consulting	Environmental Consultancies, Sustainability Consultancies	None	Undisclosed	DNV is the independent expert in risk management and assurance, operating in more than 100 countries. Enviroguide Consulting has an established reputation for delivering environmental and sustainability consultancy services including ecology, environmental impact assessment, environmental compliance, environmental liability and risk management, sustainability strategy and waste management consultancy
097	2023-07		Oaktree Capital Management	Los Angeles	California	United States	Energy Systems Group	Sustainability, Energy	Oaktree Capital Management	Undisclosed	ESG is a leading sustainable energy solutions provider that specializes in energy efficiency, sustainability, resiliency, and infrastructure improvement solutions in the government, education, healthcare, commercial, and industrial sectors. ESG also offers a full range of sustainable infrastructure solutions including waste-to-energy, distributed generation, and renewable energy.
096	2023-07		GridBeyond	Dublin		Ireland	Veritone Inc. Energy Business	AI, Artificial Intelligence, Software, Energy Management, Energy as a Service	None	Undisclosed	Veritone Inc Energy Business was founded in 2019 with a mission to help organizations capitalize on opportunities of the digital and energy transitions by leveraging the power of AI. The company rapidly gained industry recognition for its innovative approach to energy management and within a few years established its reputation as a leader in the field of market forecasting and distributed energy resource (DER) management on North America.
095	2023-07		Mitsubishi Heavy Industries (MHI)	Tokyo		Japan	Concentric	Power Systems, Power Supplies	None	Undisclosed	Mitsubishi Heavy Industries (MHI) has acquired Concentric, a power systems supplier for data centers, telecom companies, utilities and mission-critical infrastructure. Both companies focus heavily on sustainable power solutions. Financial terms were not disclosed.
094	2023-07		EcoOnline	London		England	Ecometrica	ESG, Sustainability, Software	None	Undisclosed	EcoOnline, an EHS and ESG software provider, signed an agreement to acquire Ecometrica, a global ESG and Sustainability software provider.
093	2023-07		EMCOR Group	Norwalk	Connecticut	United States	ECM Holding Group	Infrastructure, Building Services, HVAC, Energy Efficiency	None	Undisclosed	EMCOR Group is a Fortune 500 company focused on mechanical and electrical construction services, industrial and energy infrastructure and building services. ECM is a leading national provider of energy efficiency retrofit services, with specific business units dedicated to offering a variety of HVAC, lighting, water, weatherization, and airflow management solutions.
092	2023-07		Schneider Electric	Paris		France	Atos Group's EcoAct SAS business	Consulting, Climate Consulting, Net-Zero Solutions	None	Undisclosed	Schneider Electric is negotiating to acquire Atos Group's EcoAct SAS business -- which offers climate consulting and net-zero solutions. The business unit, featuring roughly 400 employees, generated revenue of roughly €70 million (US$76.17 million) in 2022. The proposed deal does not include Atos’ digital Net Zero Transformation practice (part of Eviden business).
091	2023-07		Technip Energies	Paris		France	Processium	Energy	None	Undisclosed	Technip acquired Processium to "Accelerate on Technology Development for a Net Zero Trajectory."
090	2023-07		ArcLight Capital Partners	Boston	Massachusetts	United States	Duke Energy's commercial distributed generation business	Solar Energy, Fuel Cells	ArcLight Capital Partners	$364 million	Private equity firm ArcLight Capital Partners is acquiring Duke Energy's commercial distributed generation business for $364 million. The deal includes REC Solar operating assets, development pipeline and O&M portfolio, as well as distributed fuel cell projects managed by Bloom Energy, the companies said.
089	2023-07		Carlyle	London		England	Anthesis	Sustainability, Consulting	Carlyle	Undisclosed	Global Investment firm Carlyle (NASDAQ: CG) today announced that it has agreed to acquire a majority stake in Anthesis, a leading global pure-play sustainability advisory and solutions firm. Carlyle will be investing alongside Anthesis’ employee shareholders, with existing shareholder, Palatine, reinvesting for a minority stake. Details of the transaction are not being disclosed.
088	2023-07		Rennie Advisory Ltd.	Brisbane	Queensland	Australia	Conversio	Sustainability, Consulting		Undisclosed	Rennie help organizations across many different industries navigate and optimize their transition to a net zero, sustainable future. Conversio Pty Ltd provides a range of carbon accounting and energy related-services, ranging from baseline assessments, carbon management, to carbon neutrality and Airport Carbon Accreditation.
087	2023-06		Egis	Saint-Quentin-en-Yvelines		France	McIntosh Perry	Engineering, Consulting		Undisclosed	With a team of 800 engineers, project managers, and technicians spread across 21 offices in North America, McIntosh Perry will act as the North American platform for Egis. The complementary service offerings of both companies will facilitate remarkable growth and strong presence in the region. Together, they will provide comprehensive end to end engineering solutions to clients, emphasizing sustainability and innovation, at every stage of the project lifecycle.
086	2023-06		Renantis	Milan		Italy	Ventient Energy	Renewable Energy		Undisclosed	With a total of 4.2 GW of installed capacity across over 200 plants, the integrated business will become one of the top five European onshore wind IPPs. Combined, the organisations operate a diversified portfolio of onshore wind farms, solar plants and energy storage facilities across nine countries in Europe and the USA.
085	2023-06		Bernhard Capital Partners	Baton Rouge	Louisiana	United States	Optimum Energy	HVAC, Heating Air Conditioning Ventilation, Software	Bernhard Capital Partners	Undisclosed	Founded in 2005, Optimum provides proprietary software solutions to optimize the energy consumption of HVAC systems to deliver significant electricity and water savings while reducing carbon emissions.
084	2023-06		Johnson Controls	Cork		Ireland	M&M Carnot	Natural refrigeration solutions with ultra-low global warming potential (GWP).	None	Undisclosed	Johnson Controls acquired M&M Carnot, a provider of natural refrigeration solutions with ultra-low global warming potential (GWP), which can help customers meet their sustainability goals while meeting and exceeding environmental regulations.
083	2023-06		Elemental Holding			Luxembourg	Colt Recycling LLC	IT Asset Disposition, ITAD, Recycling	International Finance Corp. (IFC), the European Bank for Reconstruction and Development (EBRD) and the Polish Development Fund S.A.	Undisclosed	Elemental Holding Group has signed an agreement to acquire 100% of Colt Recycling, LLC and Colt Recycling Southeast, LLC ("Colt Recycling"), the leading US e-waste recycler and IT asset disposition (ITAD) group operating on the East Coast. This is the first acquisition by Elemental on the US market in the e-waste and ITAD sector, and the second US transaction this quarter.
082	2023-06		Brookfield Infrastructure and Ontario Teachers Pension Fund	Dallas	Texas	United States	Compass Datacenters	Data Centers	Brookfield Infrastructure and Ontario Teachers Pension Fund	Undisclosed	At Compass the sustainability of your data center begins long before we deliver your facility. Your new data center will be built using concrete manufactured using CarbonCure’s CO2 reduction methodology to reduce the emissions associated with production by up to 1800 tons and feature free air cooling to eliminate the need to incur the cost, on-going expense and resource consumption associated with water-based cooling. Materials and components used in the construction of your data center will be sourced locally to minimize the environmental impact of long haul transportation.
081	2023-06		Labrador	Atlanta	Georgia	United States	Argyle	ESG, Corporate Communications	None	Undisclosed	Global communications firm Labrador has acquired Argyle to expand the firm’s advisory, design, and environmental, social, and governance (ESG) expertise. Financial terms were not disclosed.
080	2023-06		APEM Inc.	Gainsville	Florida	United States	Macro Works	Consulting, Environmental Services	Westbridge	Undisclosed	APEM Group, backed by private equity firm Westbridge, has acquired Macro Works. On a related note, APEM Group secured a +£50m debt package and additional accordion from Tikehau Capital, the global alternative asset management group, with an additional £7.5m working capital facility from Virgin Money.
079	2023-06		EY South Africa	London		England	EBS Advisory	Consulting, ESG, Sustainability	None	Undisclosed	EBS Advisory provides ESG advisory services to customers in Southern, East and West Africa.
078	2023-06		SLR Consulting	Aylesbury	Buckinghamshire	England	IBIS	Consulting, ESG, Sustainability	Charterhouse Capital Partners	Undisclosed	IBIS offers ESG guidance to financial institutions in Africa and Asia.
077	2023-06		SLR Consulting	Aylesbury	Buckinghamshire	England	Carnstone	Consulting, ESG, Sustainability	Charterhouse Capital Partners	Undisclosed	Carnstone provides sustainability and ESG advice and support to large companies and international institutions.
076	2023-06		Brookfield Renewable	Toronto	Ontario	Canada	Duke Energy Renewables	Renewable Energy, Solar Power, Wind Power	None	$2.8 billion	Brookfield Renewable is acquiring Duke Energy Renewables, a renewable energy provider that has wind, solar and energy storage power assets. The purchase price was $2.8 billion.
075	2023-06		Technip Energies	Paris		France	SEED Energy	Technology, Software, Renewable Energy, Engineering, Energy Transition	None	Undisclosed	This acquisition reinforces Technip Energies’ digital portfolio and fits with its energy transition ambition. It is part of the company’s strategy to broaden its digital services offering to cover the entire project life cycle and position as a leading player in designing and delivering integrated digital solutions for the decarbonized energy sector.
074	2023-06		ESG	Manchester		United Kingdom	Pandell	Energy, SaaS, Cloud, Software, Financial Services	Accel-KKR	Undisclosed	ESG has acquired Pandell, a provider of SaaS-based software for land and financial applications in the energy sector. The acquisition is part of a "broader strategic vision to be the end-to-end software provider that helps energy leaders thrive in an ever-changing global energy landscape," the buyer said.
073	2023-06		Stantec	Edmonton	Alberta	Canada	Environmental Systems Design (ESD)	Sustainability, Consulting, Engineering	None	Undisclosed	Stantec, a global sustainable design and engineering firm, is acquiring Environmental Systems Design (ESD), a 270-person engineering firm in Chicago. Financial terms of the deal were not disclosed.
072	2023-06		AES Corp.	Arlington	Virginia	United States	Solar energy & storage project in Kern County, California	Solar, Renewable Energy, Energy Storage	None	Undisclosed	AES Corporation has acquired the 2 GW Bellefield project in Kern County, California. The project "represents a significant step in accelerating California's commitment to achieving 100% carbon-free energy by 2045," and "strengthens AES' position as a leader in providing renewable energy solutions to corporate customers under long-term contracts," AES said. Financial terms of the deal were not disclosed.
071	2023-06		TRC Companies	Windsor	Connecticut	United States	GNA (Gladstein, Neandross & Associates)	Clean Transportation, Energy Consulting, Professional Services	None	Undisclosed	TRC Companies acquired Gladstein, Neandross & Associates (GNA), a North American consulting firm specializing in low- and zero-emission transportation technologies, infrastructure, and ultra-low carbon fuels for commercial transportation.
070	2023-06		Miller Environmental Group Inc.	Calverton	New York	United States	AB Environmental	Environmental Services, Emergency Response Services	GenNx360 Capital Partners	Undisclosed	Miller Environmental Group Inc., backed by private equity firm GenNx360 Capital Partners, has acquired AB Environmental. Financial terms of the deal were not disclosed. AB has provided environmental response, remediation, transportation, and recycling services throughout the greater New York Metropolitan area since 1980. Miller Environmental and AB are both based on Long Island, New York.
069	2023-06		Linea Energy	San Francisco	California	United States	A 490 MWDC solar project in Texas.	Solar Power, Clean Energy, Renewable Energy, Energy Storage	Encap Investments	Undisclosed	Linea Energy has acquired a 490 MWDC solar project in Texas from Horus Energy of London, England. The acquired project is expected to generate enough clean energy to power more than 63,000 homes, the buyer said.
068	2023-06		Shell	London		England	12 solar projects in Spain	Solar, Renewable Energy	None	Undisclosed	3. M&A - Solar Power: Shell has acquired 12 solar projects in Spain with a total capacity of 1.1 gigawatt from renewables developer Isemaren, according to Reuters.
067	2023-06		Blackstone	New York	New York	United States	Copeland	HVAC, Heating Air Conditioning Ventilation	Blackstone	$14 billion	Blackstone has completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business. The deal was valued at $14.0 billion. The acquired business, to be rebranded as Copeland, had $2022 net sales of $5 billion. Blackstone is positioning Copeland as a company that will "advance the next generation of climate technologies in the HVAC market.
066	2023-05		SWCA Environmental Consultants	Phoenix	Arizona	United States	ALO Advisors	Sustainability, Consulting	None	Undisclosed	1. M&A - Sustainability Consulting: SWCA Environmental Consultants of Phoenix, Arizona, has acquired ALO Advisors LLC, an international management consulting firm focused on sustainability advisory services. Financial terms were not disclosed.
065	2023-05		Sunergy	New Port Richey	Florida	United States	Merged with ESGEN Acquisition Corp., a SPAC (special purpose acquisition company)	Solar Power, Clean Energy, Renewable Energy, Residential	None	43x pro forma implied enterprise value	Sunergy Renewables, a Florida-based provider of residential solar and energy efficiency solutions, plans to merge with ESGEN Acquisition Corp. -- a SPAC. In 2022, Sunergy revenue was roughly $123 million and EBITDA was roughly $11 million, the company said. The pro forma implied enterprise value of the combined company is expected to be $475 million. ESGEN is backed by Energy Spectrum, a well-known energy infrastructure investment firm with a track record of more than 25 years, $4.5 billion of total equity capital commitments, and nearly $2 billion of assets under management.
064	2023-05		Rize Strategic Capital	Birmingham	Michigan	United States	Axis Total Management Solutions	Cloud, SaaS, Software, Trucking, Logistics	Rize Strategic Capital	Undisclosed	The goal in acquiring Axis TMS was to "expand Rize's portfolio and increase its diversity and investment in sustainability. Rize seeks to create a nuclear portfolio designed to withstand a number of economic conditions, but also prioritizes managing companies dedicated to sustainability efforts," the buyer said.
063	2023-05		Accenture	Dublin		Ireland	Green Domus	Consulting, Sustainability, Brazil, South America	None	Undisclosed	Global IT consulting firm Accenture plans to acquire sustainability consulting firm Green Domus Desenvolvimento Sustentável LTDA of Brazil. Financial terms of the deal were not disclosed.
062	2023-05		Deepki	London		England	Nooco	Cloud, Software, Construction	None	Undisclosed	Nooco specializes in measuring the carbon footprint of construction projects (new projects, rehabilitation, renovation, operations, maintenance, and end-of-life).
061	2023-05		SUSI Partners	Zug		Switzerland		Renewable Energy	SUSI Partners	Undisclosed	Encore Renewable Energy specializes in community and utility-scale renewable energy origination, development and construction.
060	2023-05		Reconomy Group	Telford	Shropshire	England	UK Waste Solutions	Sustainability, Consulting	None	Undisclosed	Headquartered in Newark, Nottinghamshire, UK Waste Solutions Limited are sustainability consultants and managers who specialise in supporting clients across the hospitality, distribution, transport, facilities management, manufacturing and construction sectors.
059	2023-05		Source Intelligence	San Diego	California	United States	ChainPoint	Supply Chain Management, ESG, Software, Cloud	ParkerGale Capital	Undisclosed	a developer of supply chain compliance and ESG management software, has acquired ChainPoint, a software platform for monitoring supply chains. ChainPoint's cloud-based software allows companies to manage and share product, process, and supplier information from raw material to finished product, the seller said. Financial terms of the deal were not disclosed.
058	2023-05		Lummus Technology	Houston	Texas	United States	A water solutions portfolio from Siemens Energy	Oil & Gas, Carbon Adsorption, Energy	None	Undisclosed	Lummus Technology acquired certain water solutions from Siemens Energy. The technologies address water and wastewater needs of the oil and gas industry using carbon adsorption, biological treatment and hydrothermal processes. Financial terms of the deal were not disclosed.
057	2023-05		Aligned Data Centers	Plano	Texas	United States	ODATA	Data Centers, Co-Location, Green IT, Sustainability	Macquarie Asset Management and SDC Capital Partners	Undisclosed	Aligned Data Centers has completed the acquisition of Latin America data center provider ODATA. Roughly 85% to 90% of the energy consumed by ODATA is renewable. The M&A deal was first announced in December 2022. Financial terms were not disclosed.
056	2023-05		Siemens	Munich		Germany	The EV (electric vehicle) charging infrastructure division of Mass-Tech Controls Private	Electric Vehicle, EV, Charging Stations	None	$4.65 million	n a step to address the fast-growing demand for EV charging infrastructure in India, Siemens plans to acquire the EV division of Mumbai-based Mass-Tech Controls Private. The purchase price was roughly €4.3 million ($4.65 million), the companies said.
055	2023-05		Beard Energy Transition Acquisition Corp.	Holmdel	New Jersey	United States	Suntuity Renewables	Solar Power, Renewable Energy, Energy Storage	None	$249 million pro-forma enterprise value	Residential solar and storage provider Suntuity Renewables plans to go public by merging with a special purpose acquisition company (SPAC), the latest clean-tech firm to take that path to market even as investor enthusiasm for such stocks dims, Bloomberg reported. Suntuity will merge with Beard Energy Transition Acquisition Corp. in a deal expected to give the combined company a $249 million pro-forma enterprise value, the companies said.
054	2023-05		BrainBox AI	Montreal	Quebec	Canada	ABB’s multi-site retail (MSR) energy management system integrator business	Smart Buildings, HVAC, Building Management Systems, Software, Cloud, SaaS, AI	None	Undisclosed	BrainBox AI acquired ABB’s multi-site retail (MSR) energy management system integrator business -- which currently supports 12,000 retail locations. Financial terms of the acquisition were not disclosed.
053	2023-05		Dillon Consulting	Toronto	Ontario	Canada	Internat Energy Solutions Canada (IESC)	Engineering Consulting	None	Undisclosed	5. M&A - Energy Consulting: Dillon Consulting Limited has acquired Internat Energy Solutions Canada (IESC), an engineering consulting firm committed to "promoting a sustainable economy, government, and society," the buyer said. Financial terms were not disclosed.
052	2023-05		First Solar	Tempe	Arizona	United States	Evolar AB	Solar Power, Clean Energy, Renewable Energy	None	$38M to $80M depending on earn-out achievements	4. M&A - Solar Technology: First Solar has acquired Evolar AB, a European provider of perovskite technology. The deal involved roughly $38 million paid at closing and up to an additional $42 million to be paid subject to certain technical milestones.
051	2023-05		DIF Capital Partners	Schiphol		Holland	Diverso Energy Inc.	Geothermal Energy, Energy as a Service	DIF Capital Partners	Undisclosed	DIF Capital Partners has acquired majority interest in Diverso Energy Inc., a developer, owner, and operator of geothermal energy systems in Canada. DIF will acquire a 75% interest directly from the founders -- who will retain the remaining ownership and continue to lead the company. Financial terms of the deal were not disclosed.
050	2023-05		Nozomi Energy (formed by Actis)	Tokyo		Japan	Hergo Japan Energy	Solar Power, Clean Energy, Renewable Energy, Wind	Actis	Undisclosed	Actis, a United Kingdom-based global investor in sustainable infrastructure, has launched Nozomi Energy, a new $500 million Japan-focused renewables platform. Nozomi Energy's first acquisition is Hergo Japan Energy Corporation -- which has a portfolio of operating and development stage solar and onshore wind projects totaling around 230MW, plus a significant pipeline of early-stage projects. Financial terms of the acquisition were not disclosed.
049	2023-05		CapMan Infra	Helsinki		Finland	Serverius	Data Centers		Undisclosed	CapMan Infra has invested in Dutch IT infrastructure provider Serverius with an ambition to build a northern European data centre platform, the investor said. Financial terms of the deal were not disclosed. Among the priorities: CapMan will "focus on optimizing [Serverius] energy usage, increasing the use of renewable energy and establishing high operating standards for its operations and value chain." This is CapMan Nordic Infrastructure II fund’s third investment, following investments in Skarta Energy and Napier.
048	2023-05		Montrose Environmental Energy Group	North Little Rock	Arkansas	United States	GreenPath Energy	Gas Imaging, Emissions Management	None	Undisclosed	GreenPath Energy is a provider of gas imaging and fugitive emissions management services.
047	2023-05		Hydro Rein	Oslo		Norway	Selected solar projects in Southern Sweden	Solar Power, Clean Energy, Renewable Energy	None	Undisclosed	Hydro Rein plans to acquire two early phase solar projects from GreenGo Energy in Southern Sweden. Construction is expected to begin in 2027, with production starting in 2028. GreenGo will remain involved in the project.
046	2023-05		Aspen Power	New York	New York	United Sates	Solar power projects in Maine, United States.	Solar Power, Clean Energy, Renewable Energy	None	Undisclosed	Aspen Power has acquired a portfolio of 15 ground-mounted community solar projects in Maine. Financial terms of the deal were not disclosed.
045	2023-05		5	Dallas	Texas	United States	BidURenergy (BUE) and NRG Advisory Services from NRG Energy, Inc.	Energy, Consulting	None	Undisclosed	5, an energy advisory and management firm, acquired BidURenergy (BUE) & NRG Advisory Services from NRG Energy Inc. Based in Buffalo, NY, BUE and NRG Advisory Services provide a full suite of brokerage and energy advisory services to clients throughout the Northeast.
044	2023-05		Montrose Environmental Group	North Little Rock	Arkansas	United States	Matrix Solutions Inc.	Consulting, Engineering Services	None	Undisclosed	Matrix Solutions is one of Canada’s leading environmental consulting and engineering services companies. Known for a client-focused approach, Matrix’s 550+ employees, based in 19 locations across Canada, collaborate across diverse fields of expertise and geographies on projects where environmental stewardship matters.
043	2023-05		Cority	Toronto		Canada	Greenstone	Software, Asset Management, Sustainability, Carbon Accounting, ESG	Thoma Bravo	Undisclosed	From the news announcement: Founded in 2006 as a carbon accounting software business, Greenstone has evolved to offer comprehensive SaaS-based (Software-as-a-Service) solutions to enable a full range of sustainability and ESG (Environmental, Social, Governance) reporting across the entire value chain, including suppliers and investments. Driven by its brand promise of "data that talks to you," the 51-person organization aims to simplify and facilitate the gathering, analyzing, and sharing of sustainability data through guided workflows, configurable questionnaires, data collection wizards, comprehensive emission and frameworks libraries, as well as advisory and data management services and support. With offices in London and New York, Greenstone serves over 75 customers in 106 countries across 15 industries.
042	2023-05		KKR	New York	New York	United States	CoolIT Systems	Data Centers, Desktops, Water Cooling,	KKR		According to the seller: "CoolIT Systems specializes in scalable liquid cooling solutions for individual servers through to the world’s most demanding data centers and HPC systems. Through its modular, rack-based Direct Liquid Cooling technology, Rack DLC™, CoolIT enables dramatic increases in rack densities, component performance and power efficiency."
041	2023-05		Toyota Tsusho	Nagoya		Japan	SB Energy Corp.	Renewable Energy	None	Undisclosed	Together, Toyota Tsusho and SBG will "explore collaborative efforts among their group companies in the renewable energy businesses, such as joint development of renewable energy, electric power supply and demand adjustment, and so on, aiming toward achieving Carbon Neutrality."
040	2023-04		Ignite Power	Dubai		UAE	Kenya's Mwezi Solar	Solar, Renewable Energy	None	Undisclosed	Ignite Power, a UAE-based solar solutions provider in Africa, has acquired the solar solutions portfolio of Mwezi, a Kenyan solar energy distributor, according to SolarQuarter.
039	2023-04		True Green Energy Management	Westport	Connecticut	United States	CleanChoice Energy	Solar, Renewable Energy	True Green Energy Management	Undisclosed	True Green Capital Management (TGC), a renewable energy infrastructure investment firm has acquired CleanChoice Energy -- a direct-to-consumer clean energy provider. The deal will expand TGC's footprint to include solar power generation in 16 US states, including Pennsylvania and Ohio, along with approximately 215,000 residential customers, the buyer said.
038	2023-04		Everstream Analytics	San Marcos	California	United States	BlueNode	Software, Logistics, Carbon Emission Measurement, Carbon Reporting	None	Undiscosed	Everstream Analytics has acquired BlueNode, a software company that helps streamline logistics and facilitates carbon emission measurement and reporting, the buyer said. Financial terms of the deal were not disclosed.
037	2023-04		Momentus Technologies (formerly Ungerboeck)	St. Louis	Missouri	United States	WeTrack	Software, Stadiums, Event Management, Project Management, Incident Tracking, Control Room,	Cove Hill Partners	Undisclosed	The Momentus mission is "to provide the industry’s most comprehensive venue management software. With WeTrack's software solutions, Momentus Technologies is well-positioned to lead the way in environmentally conscious business practices and provide its customers with the tools they need to achieve their environmental, social and governance goals."
036	2023-04		M.C. Dean	Tysons	Virginia	United States	International Energy Conservation Systems (IEC Systems)	Building Automation, Energy Management, Smart Buildings	None	Undisclosed	IEC Systems is a provider of turn-key proprietary and non-proprietary building automation systems and a Distech Controls authorized system integrator. The acquisition includes a newly signed original equipment manufacturer partnership with Distech to expand the firm's direct digital controls (DDC) and building automation systems capabilities.
035	2023-04		Honeywell	Charlotte	North Carolina	United States	Compressor Controls Corporation	Asset Performance Management, APM, Carbon Capture	None	$670 million; 15X estimated 2023 EBITDA	CCC is a leading provider of turbomachinery control and optimization solutions, including control hardware, software and services, and primarily serves the LNG, gas processing, refining and petrochemical segments.
034	2023-04		Casella Waste Systems	Rutland	Vermont	United States	Certain Solid Waste Operations from GFL Environmental	Waste Management, Recycling	None	$525 million or 2.8X annual revenue	The deal includes nine hauling operations, one transfer station, and one material recovery facility.
033	2023-04		I Squared Capital	Miami	Florida	United States	Enva	Consulting, Environmental Services	I Squared Capital	Undisclosed	I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom and transport in the Americas, Europe and Asia.
032	2023-04		ACT Commodities Group	Amsterdam		Netherlands	Green Project Technologies	Cloud, SaaS, Software, Carbon Accounting, ESG	None	Undisclosed	ACT Commodities, a global provider of market-based sustainability solutions, acquired a controlling stake in Green Project Technologies, which develops a SaaS-based software platform to simplify corporate climate accounting, the companies said.
031	2023-04		Lessen	Scottsdale	Arizona	United States	Blue Skyre IBE	Real Estate, Property Management, Technology, Software, Cloud, ESG	None	Undisclosed	Lessen -- which specializes in real estate property management technology & services -- acquires Blue Skyre IBE, a global facilities management solutions provider & ESG expert.
030	2023-04		SOCOTEC Consulting	New York	New York	United States	Spinnaker Group	Sustainability, Consulting, Green Buildings, LEED Certification	None	Undisclosed	SOCOTEC Consulting acquired Spinnaker Group, a South Florida-based energy efficiency and sustainability consulting firm focused on the green-building movement.
029	2023-04		Quinbrook Infrastructure Partners	London		England	PurposeEnergy	Renewable Energy	Quinbrook Infrastructure Partners	Undisclosed	PurposeEnergy is a U.S.-based renewable fuels and biogas specialist, focused on waste solutions for the food and beverage industries.
028	2023-04		Weldel	Paris		France	Scalian Group	ESG, Consulting, Digital Transformation, Project Management, Engineering	Weldel	Enterprise value of €965 million	Scalian is ranked among France's Top 10 engineering consulting firms, is also active internationally, providing industrial project management services for issues pertaining to supply chain (costs, quality, deadlines, performance), the architecture and development of embedded digital systems and information system applications, big data and AI. Scalian also addresses project optimization and organizational performance issues, as well as providing digital transformation support for industry and service sector leaders.
027	2023-04		SER Capital Partners	Belmont	California	United States	Charah Solutions	Recycling, Power Generation	SER Capital Partners	$6.00 per share	With more than 35 years of experience, Charah Solutions, Inc. is a leading provider of environmental services and byproduct recycling to the power generation industry.
026	2023-04		Apex Group			Bermuda	MJ Hudson ESG & Sustainability	Financial Services, Consulting, Advisory Services, Technology	None	Undisclosed	The agreement will see the creation of a new legal entity, head-quartered in the Netherlands and with a new brand identity, under the Apex Group banner. A new, diverse board will be appointed, to steer future growth. The transaction is subject to shareholder approval.
025	2023-04		Trinity Hunt Partners	Dallas	Texas	United States	Alliance Group	HVAC, Heating Ventilation Air Conditioning	Trinity Hunt Partners	Undisclosed	Since its founding in 2010, Alliance Group has served the New England region by providing best-in-class maintenance, repair, and installation services for commercial heating, ventilation, and air conditioning (HVAC) systems. Highly regarded and trusted by more than 500 clients, Alliance offers a full suite of services in addition to core maintenance, including electrical, plumbing, construction, and building automation services.
024	2023-04		Acuity Brands Inc.	Atlanta	Georgia	United States	KE2 Therm Solutions	Industrials, Refrigeration, Software	None	Undisclosed	KE2 Therm is a developer and manufacturer of branded, intelligent refrigeration control solutions that use proprietary advanced controls algorithms, software, and controls. The company’s technology is specified by a wide range of end users, consultants and major OEM manufacturers of evaporators, walk-in freezers and coolers for both new install and retrofit refrigeration applications.
023	2023-04		Covanta	Morristown	New Jersey	United States	Circon Holdings	Sustainable Materials Management, Consulting, Environmental Services	EQT	Undisclosed	According to the buyer: " The addition of Circon, which is subject to customary regulatory approvals, marks the largest single acquisition for Covanta in two decades, bringing with it more than 600 new employees and 2,500 customers. It is the company’s eighth acquisition following its purchase by EQT Infrastructure. It further demonstrates Covanta’s commitment to providing carbon negative solutions to its customers."
022	2023-04		Dominion Energy	Richmond	Virginia	United States	Foxhound Solar	Solar, Renewable Energy, Energy Storage	None	None	Foxhound, located in Halifax County, Virginia, has reached full notice to proceed and has begun construction. The project has been in development for six years and will produce enough clean energy to power more than 17,000 homes.
021	2023-04		Aruba	Bergamo	Lombardy	Italy	Two Hydroelectric power plants	Cloud Services, Infrastructure, Renewable Energy, Water Power, Hydroelectric	None	Undisclosed	Aruba S.p.A, Italy's largest cloud provider, acquired two new hydroelectric power plants in the province of Bergamo, near the Global Cloud Data Centre in Ponte San Pietro, with a total capacity of 2MW.
020	2023-04		Greenwood Sustainable Infrastructure (GSI)	New York	New York	United States	Various Saturn Power assets	Solar, Renewable Energy, Energy Storage	None	Undisclosed	The deal involves a team of seasoned developers and an approximate 1.4-gigawatt (GW) pipeline of early to late-stage solar and energy storage projects in five U.S. states and two Canadian provinces.
019	2023-04		Fexa	Mullica Hill	New Jersey	United States	Trakref	Software, Cloud, Internet of Things, IoT, Facilities Management	Mainsail Partners	Unidisclosed	Trakref is a refrigerant tracking and management software provider. The deal is designed to help Fexa address mounting regulation and compliance requirements across the retail and facilities management sectors, Fexa said.
018	2023-04		WSP	Montreal	Quebec	Canada	Calibre Professional Services One Pty Ltd.	Sustainability, Consulting, Mining, Industrials, Engineering	None	Undisclosed	Calibre is a leading advisory and engineering services provider to the resources, railroad, renewables and rehabilitation sectors in Australia, with a successful track record of over 20 years in the design and execution of AUD30bn+ in mining and resources infrastructure projects.
017	2023-03		Birch Creek Development	St. Louis	Missouri	United States	Foundation Solar Partners	Solar, Renewable Energy	None	Undisclosed	Together, Birch Creek and Foundation Solar have developed over 1.7 GW of solar and storage projects since 2019, and have a combined development pipeline of 13.5 GW in varying stages of development.
016	2023-03		Recycle Track Systems (RTS)	New York	New York	United States	RecycleSmart Solutions & Pello	Recycling, e-Waste, Circular Economy, IoT, Internet of Things	None	Undisclosed	Recycle Track Systems (RTS) acquires RecycleSmart Solutions & Pello waste sensor technology, an Internet of Things (IoT) hardware and software platform.
015	2023-03		Maddox Defense	San Diego	California	United States	Apollo 3 Energy	Renewable Energy, LED Lighting	None	Undisclosed	Apollo 3 Energy offers solar and energy efficient services, serving both government and commercial clients, including Naval Special Warfare Center, Philadelphia Port Authority, The Chesapeake Bay Bridge-Tunnel, Hilton, Wholefoods, GM, Toyota, Port of Astoria, City of Astoria, Marine Corps Base Camp Pendleton, and Banc of California.
014	2023-03		Plum Acquisition Corp. (a SPAC)	San Jose	California	United States	Sakuu	Battery Manufacturing, Circular Economy, Lithium, Li	None	$705 Million (enterprise value)	Sakuu is a manufacturing technology and solid-state battery company for commercial-scale production of batteries and other complex active devices. Initial efforts focus on energy storage, using the Kavian platform to print a range of SwiftPrint batteries—from Lithium Metal to All-Solid-State—that can help reduce society's reliance on fossil fuels.
013	2023-03		Apexanalytix	Greensboro	North Carolina	USA	ESG Enterprise	Sustainability, ESG, SaaS, Software, Cloud	KKR & Carousel Capital	Undisclosed	Apexanalytics, backed by private equity firms KKR & Carousel Capital, acquires ESG Enterprise for SaaS-based supply chain management & ESG reporting capabilities.
012	2023-03		BearingPoint	Amsterdam		Netherlands	Sustainability team members from Korkia	Sustainability, Consulting	None	Undisclosed	Global management and technology consultancy BearingPoint acquired the sustainability consulting practice of Korkia, a Helsinki, Finland-based investment and advisory company.
011	2023-03		ERM	London		United Kingdom	NINT	Sustainability, Consulting, ESG, Financial Services	None	Undisclosed	NINT has completed more than 700 ESG projects for more than 250 clients across Latin America as of March 2023.
010	2023-02		GFT Technologies	Stuttgart	Baden-Württemberg	Germany	Targens	IT Services, Consulting, FinTech, Financial Services, Software	None	Undisclosed	The acquisition will not only benefit GFT’s core business in the financial industry, the company will also gain additional expertise in the fields of consulting and compliance solutions, the buyer said.
009	2023-02		Denham Capital	Boston	Massachusetts	United States	Solops	Solar, Renewable Energy	Denham Capital	Undisclosed	Denham will "support the growth of the business including execution of Solops’ 800+ MW pipeline of project investments with an initial commitment of $200 million."
008	2023-02		Hydro-Quebec	Montreal	Quebec	Canada	Great River Hydro	Renewable Energy, Hydro Power, Water Power,	None	$2 billion	Great River Hydro owns 13 hydroelectric power stations in New England, United States.
007	2023-02		Grenergy Renovables	Madrid		Spain	Sofos Harbert Renewable Energy	Solar, Renewable Energy	None	Undisclosed	Sofos focuses on solar energy projects -- including pre-engineering, design, development, engineering, construction, investment, operation, and maintenance -- to provide businesses with clean energy equipment.
006	2023-02		Recycle Track Systems (RTS)	New York	New York	United States	Cycle Technology	Recycling, Circular Economy	None	Undisclosed	Cycle is a recycling technology and data platform that rewards fans and event-goers for recycling their empty beverage containers at Reverse Vending Machines (RVMs).
005	2023-02		Doconomy	Stockholm		Sweden	Dreams Technology	Cloud, Software	None	Undisclosed	Doconomy is building a holistic platform to measure climate and social impact in the financial services industry. Our enterprise service, Åland Index, is a cloud-based service for climate impact calculations. Åland Index is the leading index solution for CO2 and H2O emission calculations for payments and financial transactions.
004	2023-02		ERM	London		United Kingdom	Coho	Consulting	None	Undisclosed	ERM, which positions itself as the world’s largest pure play sustainability consultancy, acquired Coho, a global advisory firm that helps customers to reach their climate change, renewable energy and water resiliency goals.
003	2023-02		Leon Capital	London		United Kingdom	Xynteo	Sustainability, Consulting	Leon Capital	Undisclosed	Xynteo is a consultancy and strategic advisory firm that assists large companies with sustainability and energy transition guidance.
002	2023-02		Montrose Environmental Group	North Little Rock	Arkansas	United States	Environmental Alliance (EAI)	Consulting, Engineering Services	None	Undisclosed	EAI offers environmental solutions to the real estate market, brownfield developers, oil and gas industry, and all industries in the environmental remediation market.
001	2023-01		Xpansiv	New York	New York	United States	Evolution Markets Inc.	Financial Services, Green Energy, Sustainability, Advisory Services, Consultancy	Blackstone Energy Partners, Bank of America, Goldman Sachs	Undisclosed	Evolution Markets Inc. provides strategic financial and industry-leading transactional and advisory services to participants in global environmental and energy markets

More: See all of our M&A lists here.